Which of the following entries would be made for goods bo...
Which of the following entries would be made for goods bought and paid for immediately? Debit
Cash account, credit sales account
Purchases account; credit cash account
Cash account; credit purchases account
Purchases account; credit sales account
Purchases account; credit goods account
Correct answer is B
No explanation has been provided for this answer.
\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accoun...
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\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...